From PC World: HTC posted a year-over-year gain in net profit for the second quarter, following the release of the company’s latest flagship phone, and new low-end handsets coming to China.
During the period, HTC’s net profit reached NT$2.26 billion (US$75.6 million), up 80.8 percent from a year earlier. The company’s quarterly revenue, however, barely met HTC’s outlook for the period, and reached NT$65.06 billion, down 8 percent year on year.
The company’s latest flagship phone, the HTC One M8 went on sale in late March, with a wider global roll out in April. The phone has been performing well, outselling last year’s model, the company’s CFO said in May.
It’s a positive sign for a company that’s been facing fierce competition from Apple and Samsung Electronics. Once the biggest Android smartphone vendor in the U.S., HTC’s market share and earnings have both taken a dive. HTC reported a net loss of NT$1.88 billion in the first quarter, and posted another loss of NT$3 billion in last year’s third quarter.
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